openPR Logo
Press release

Lithium Hydroxide Market Set for Rapid Growth And Trend, by 2026

05-27-2018 11:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Lithium Hydroxide Market Set for Rapid Growth And Trend, by 2026

Lithium Hydroxide (LiOH) is widely used as an industrial lubricant, and in battery manufacturing. The compound is mainly consumed for production of lithium greases such as lithium stearate, which is very popular lubricating grease and offers high thermal resistance. In battery industry, it is incorporated as a heat transfer medium and for the purpose of storage battery electrolyte. Due to indispensable usage of lithium hydroxide in these industries, and difficulty in manufacturing and sourcing, the products commands significantly high prices and is sold at prices between US$ 6000 – US$ 8000 per ton. The lack of supply and booming demand is expected to continue push prices towards higher end. Moreover, many new capacity additions from prominent suppliers is also anticipated over the forecast period. The global demand for lithium hydroxide is expected to expand with a decent CAGR over the forecast period.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2331

The global Lithium Hydroxide market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ region is projected to be the largest market for lithium hydroxide consumption, followed by North America, Western Europe and Japan. Rapidly growing power industry of Asia Pacific and increasing penetration of more and more manufacturing companies in the region, are the prime factor driving more demand for lithium hydroxide in the region. The setting up of Tesla Gigafactory in the US is another prime factor driving demand in the North American market. The Latin America and MEA are at a nascent considering the demand for lithium hydroxide, however the regions are projected to pose significant growth rate over the forecast period. Japan on the other hand is anticipated to continue driving more demand for lithium hydroxide, amid rising solar industry in the region. SQM, FMC Corporation, Albemarle Lithium, Jiangxi Ganfeng Lithium, Shandong Ruifu Lithium, Leverton Lithium, Sichuan Brivo lithium Materials Co. ltd, Jiangxi Dongpeng New Materials Co. ltd;

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-2331

Rapid economic development across prominent Asian Countries is driving more demand for multi-purpose grease, hence in turn fuelling more revenues in the global lithium hydroxide market. Rising industrializations is another prominent factor evoking demand for power tools, which requires NCA cathode, made from lithium hydroxide. Moreover, the rise of electric vehicles is undoubtedly fuelling big numbers to the consumption of lithium hydroxide, and is anticipated to continuously drive more demand for lithium hydroxide. Rapidly growing automotive industry coupled with the advent of electric vehicles can be considered as the prime factor disrupting the price dynamics in the global lithium hydroxide market. Moreover, rising solar PV installations across the globe and the need to store more and more power, is fuelling the battery storage market, simultaneously driving revenues to the lithium hydroxide stakeholders. On the basis of application: Batteries, Lubricant Greases, Glass and Ceramics, Chemical Synthesis; On the basis of end use industry: Energy Storage, Consumer Electronics, Transportation,Others;

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lithium Hydroxide Market Set for Rapid Growth And Trend, by 2026 here

News-ID: 1062967 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Lithium

Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly. The Lithium Compounds Market research report assesses the ongoing as well as future
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market. Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445 Additionally, in this
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds